{"id":8310,"date":"2023-07-27T21:22:44","date_gmt":"2023-07-27T11:22:44","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8310"},"modified":"2023-07-27T21:22:44","modified_gmt":"2023-07-27T11:22:44","slug":"red-5-continues-to-shine","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/07\/27\/red-5-continues-to-shine\/","title":{"rendered":"Red 5 continues to shine"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"OLIVIA THOMSON<\/a><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Following four months of record gold production at its King of the Hills (KOTH) gold mine, Red 5 has released its June 2023 quarter report.<\/p>\n\n\n\n

During the quarter, the KOTH mine produced 61,705 ounces (oz) of gold, a significant increase from the 40,869oz produced in the March quarter.<\/p>\n\n\n\n

Red 5\u2019s June quarter sales equalled to 58,960oz, an increase from its March quarter\u2019s 40,907oz. These gold sales resulted in operating cash flows of $50.6 million.<\/p>\n\n\n\n

The company achieved the upper end of production and mid-range of cost guidance for the second half of the 2023 financial year, with production of 102,574oz at an AISC of $1837\/oz against guidance of 90k-105k oz at AISC of $1750\u20131950\/oz.<\/p>\n\n\n\n

On top of successful operations, the company saw an improvement in safety, seeing no recordable injuries.<\/p>\n\n\n\n

An ongoing board renewal process also began in the June quarter, with Russell Clark being appointed<\/a> as chair and Peter Johnston being appointed<\/a> as a non-executive director.<\/p>\n\n\n\n

As of June 30, Red 5\u2019s net debt position improved, reducing by $44.5 million to $81.9 million, its cash and bullion being $45.9 million, $22.0 million of bank debt being repaid, with $127.8 million outstanding on the KOTH debt facility.<\/p>\n\n\n\n

\u201cThe June quarter has been a watershed period for Red 5, with the KOTH mine delivering strong results for the company, both operationally and financially and with a greatly improved safety performance,\u201d Red 5 managing director Mark Williams said<\/a>.<\/p>\n\n\n\n

Red 5\u2019s FY2024 production guidance has been set to 195k\u2013215k ounces at AISC of $1850\u2013$2100\/oz.<\/p>\n\n\n\n

\u201cOur clear focus for the year ahead is to continue delivering safe, consistent and profitable ounces from the KOTH processing hub. This will, in turn, provide us with a platform to execute our longer-term growth strategy,\u201d Williams said<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

OLIVIA THOMSON Following four months of record gold production at its King of the Hills (KOTH) gold mine, Red 5 has released its June 2023 quarter report. During the quarter, the KOTH mine produced 61,705 ounces (oz) of gold, a significant increase from the 40,869oz produced in the March quarter. Red 5\u2019s June quarter sales … Continue reading “Red 5 continues to shine”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[],"class_list":["post-8310","post","type-post","status-publish","format-standard","hentry","category-goldcopper"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2a2","jetpack-related-posts":[{"id":8277,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/08\/red-5\/","url_meta":{"origin":8310,"position":0},"title":"Red 5","author":"yinghui","date":"May 8, 2023","format":false,"excerpt":"\u9ec4\u91d1\u751f\u4ea7\u516c\u53f8Red 5\u65d7\u4e0b\u91d1\u77ff\u4ea7\u91cf\u518d\u521b\u7eaa\u5f55 \u9ec4\u91d1\u751f\u4ea7\u516c\u53f8 Red 5\uff08ASX\uff1aRED\uff09\u65d7\u4e0b\u4f4d\u4e8e\u897f\u6fb3\u5927\u5229\u4e9a\u4e1c\u90e8\u91d1\u77ff\u533a\u7684King of the Hills\uff08\u7b80\u79f0KOTH\uff09\u91d1\u77ff\u4e8e2023\u5e744\u6708\u8fde\u7eed\u7b2c\u4e8c\u4e2a\u6708\u5b9e\u73b0\u521b\u7eaa\u5f55\u7684\u9ec4\u91d1\u4ea7\u91cf\u3002 \u3010\u6fb3\u80a1\u8d44\u8baf\u5e73\u53f0 - 61 Financial 5\u67088\u65e5\u8baf\u3011\u9ec4\u91d1\u751f\u4ea7\u516c\u53f8 Red 5\uff08ASX\uff1aRED\uff09\u5468\u4e00\u53d1\u5e03\u516c\u544a\uff0c\u63d0\u4f9b\u4e86\u6700\u65b0\u7684\u8fd0\u8425\u8fdb\u5c55\u3002 \u6839\u636e\u66f4\u65b0\uff0cRed 5\u65d7\u4e0b\u4f4d\u4e8e\u897f\u6fb3\u5927\u5229\u4e9a\u4e1c\u90e8\u91d1\u77ff\u533a\u7684King of the Hills\uff08\u7b80\u79f0KOTH\uff09\u91d1\u77ff\u4e8e2023\u5e744\u6708\u8fde\u7eed\u7b2c\u4e8c\u4e2a\u6708\u5b9e\u73b0\u521b\u7eaa\u5f55\u7684\u9ec4\u91d1\u4ea7\u91cf\u3002 2023\u5e744\u6708\uff0cKOTH\u4ece40\u4e07\u5428\u77ff\u77f3\u4e2d\u751f\u4ea7\u4e8618,633\u76ce\u53f8\uff08\u9ad8\u4e8e2023\u5e743\u6708\u768417,550\u76ce\u53f8\uff09\uff0c\u5e73\u5747\u5934\u77ff\u54c1\u4f4d\u4e3a1.54\u514b\/\u5428\uff0c\u9ec4\u91d1\u56de\u6536\u7387\u8fbe\u5230\u521b\u7eaa\u5f55\u768494.2%\u3002 Red 5\u65d7\u4e0b\u9732\u5929\u77ff\u548c\u5730\u4e0b\u77ff\u5c71\u4ee5\u53ca\u52a0\u5de5\u5382\u5728\u8be5\u6708\u7ee7\u7eed\u8868\u73b0\u826f\u597d\u3002\u622a\u81f32023\u5e744\u6708\u5e95\uff0c\u77ff\u5c71\u5e93\u5b58\uff08ROM\uff09\u4f30\u8ba1\u542b\u670945\u4e07\u5428\u77ff\u77f3\uff0c\u54c1\u4f4d\u4e3a1.2\u514b\/\u5428\u81f31.3\u514b\/\u5428\u3002 \u516c\u53f8\u9884\u8ba1\uff0c5\u6708\u5c06\u662f\u91c7\u77ff\u4e1a\u7684\u53c8\u4e00\u4e2a\u5f3a\u52b2\u6708\u4efd\uff0c\u4f46\u7531\u4e8e\u6b64\u524d\u5df2\u9884\u793a\u7684\u7834\u788e\u673a\u548c\u78e8\u77ff\u7684\u8ba1\u5212\u7ef4\u4fee\u5173\u95ed\uff0c\u9884\u8ba1\u8be5\u6708\u7684\u9ec4\u91d1\u4ea7\u91cf\u5c06\u4f4e\u4e8e4\u6708\u3002 \u6b64\u5916\uff0cRed 5\u65d7\u4e0b\u5c3e\u77ff\u50a8\u5b58\u8bbe\u65bd5\u53f7\uff08TSF5\uff09\u7684\u5efa\u8bbe\u4e8e2023\u5e744\u6708\u5b8c\u6210\uff0c\u5e76\u4e8e2023\u5e744\u670829\u65e5\u83b7\u5f97\u6700\u7ec8\u76d1\u7ba1\u6279\u51c6\uff0c\u5f00\u59cb\u5411TSF5\u6392\u653e\u3002 \u9884\u671f\u65b9\u9762\uff0c\u516c\u53f8\u9884\u8ba123\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u4ea7\u91cf\u6307\u5f15\u7ef4\u6301\u57289\u4e07\u81f310.5\u4e07\u76ce\u53f8\uff0c\u5168\u90e8\u7ef4\u6301\u6210\u672c\uff08AISC\uff09\u4e3a\u6bcf\u76ce\u53f81750\u81f31950\u6fb3\u5143\u3002 \u516c\u53f8\u80a1\u4ef7\u4e00\u5e74\u8d70\u52bf\u56de\u987e\uff1a \u3010\u66f4\u591aRED\u516c\u544a\u548c\u80a1\u4ef7\u8d70\u52bf\u8bf7\u70b9\u51fbRED\u4e2a\u80a1\u9875\u9762\u3011 \u6d88\u606f\u6765\u6e90\uff1a \u516c\u53f8\u516c\u544aRecord monthly gold production at King of the Hills","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7995,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/07\/23\/newmont-rises-above-tanami-constraints\/","url_meta":{"origin":8310,"position":1},"title":"Newmont rises above Tanami constraints","author":"yinghui","date":"July 23, 2021","format":false,"excerpt":"July 23, 2021News\u00a0Nickolas Zakharia The Tanami gold operation. 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